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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomybill for oil and ships. Excluding the impact of oil and ships, exports remained almost flat, while... an increase of the C/A surplus by 2.2 billion YoY on a comparable basis. The widening of the 8-month C... in Greece in August. As a result, the respective 8-month figure remained almost flat in comparison
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Newsletter 173 -07/09/2018
, the highest since Q3 2016. Gross capital formation declined by 2.2 percent QoQ. The MoF expects strong... ambitious than the initial target by 2.2 billion and aims to bring the pile of NPEs to 64.6 billion... by the general government. Gross capital formation declined by 2.2 percent QoQ. On a quarterly basis, gross
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingthe previous year. The net interest margin (NIM) remained almost flat at 2.7 percent QoQ, reflecting a loan... gross loans. The non-performing loan (NPL) ratio remained flat QoQ at 33.6 percent with consumer credit... half of the recorded QoQ improvement of 4 percentage points. Eurosystem funding dropped by 2.2
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Q1 GDP down by mild 0.1 QoQ, hinting at impact of drawn-out review
EconomyMacroeconomyalso represents the second straight negative reading. Moreover, GDP at current prices stayed flat QoQ... YoY following a decline of 0.8 percent in Q4. In 2016, GDP stayed flat on the back of a 0.6 percent... published the most optimistic projection so far. It expects GDP to rebound by 2.2 percent, while
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingand were flat YoY as external economic environment conditions remained challenging, the bank noted. The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... billion in Q4, while eligible deferred tax credit (DTC) also stayed flat at 4.1 billion. 2020 Agenda
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingdue to other income. Net interest income (NII) and operating expenses stayed broadly flat. Asset... flat QoQ at 436 million euros as the positive impact from the lower funding cost was outweighed..., the cost of risk stood at 2.2 percent, at the high end of management expectations. Balance Sheet
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Newsletter 227 -08/11/2019
is the introduction of a flat tax aimed at convincing wealthy individuals to move their tax domicile. The non-dom scheme will offer anyone who declares their global income in Greece a flat tax of 100,000 euros.... Overall, the EC expects Greece to grow by 1.8 percent in 2019, which is lower than the 2.2 percent
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CPI down 1.3 pct in April as Greece remains in deflation for 14th month
EconomyMacroeconomyand footwear (-2.2 percent) and hotels, cafes and restaurants (-2.2 percent). The latter’s movement... beverages and tobacco were the two sectors posting price increases at 2.2 and 0.9 percent respectively, while communication prices remained almost flat (-0.1 percent). Greece entered into deflation
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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingloans. In 2018, the bank completed three major bad loan portfolio sales, totalling 2.2 billion euros... rose by 2.2 percent QoQ 280 million and fell by 2.2 percent on an aggregate basis. The cost to income.... In Greece, deposit balances remained effectively flat QoQ at around 32.7 billion as household
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Greek pensions laid bare
Agorapensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly... and they receive on average monthly pensions of 771 euros. This is below the overall average of 884 euros since
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